Polygon’s POL token is experiencing a surge in price due to a shift in company strategy, rumored acquisition of Coinme, and record high daily burn rate in 2026. Trading at $0.1558, up 16.59% in 24 hours with a volume of $312 million. Largest price increase among cryptocurrencies in the past day.

Polygon announced “Open Money Stack,” enabling seamless cross-chain transactions between fiat and crypto. Rumored to be acquiring Coinme for $100-125 million, potentially adding 6,000+ ATMs to its service portfolio. This move could position Polygon as a full stack banking service bridging traditional finance with digital assets.

POL’s rally could establish a new resistance target, fueled by record high burn rates. About one million POL per day burned, with 3.5% of total supply expected to burn in 2026, making the token “massively deflationary.” CEO Sandeep Nailwal cites Polygon’s “S curve moment on the fees generated.”

Source: https://www.coinspeaker.com/polygon-pol-token-surges-coinme-acquisition-burn-rate/

Read more at Yahoo Finance: Polygon Climbs Nearly 20% After Unveiling New Strategic Framework